Qfin ADRs plunge 18.91% after weak second-quarter results and guidance

  • Rosen Law Firm announced a Qfin securities class action covering investors during a specified period.
  • Qfin reported RMB 3.57 billion in second-quarter revenue, down 31.6% year over year.
  • Investors must move the court by November 30, 2026, to seek lead-plaintiff status.

Rosen Law Firm announced a securities class action on behalf of investors who purchased Qfin Holdings, Inc. securities, including Nasdaq-listed American depositary shares under QFIN, from March 18, 2026, through August 25, 2026. An earlier record identified Robbins LLP in connection with the same litigation. The complaint alleges that Qfin overstated the resilience and stability of its business and financial results while understating the scope and effects of regulatory headwinds. Qfin operates an artificial intelligence-driven credit technology platform under the Qifu Jietiao brand in China. On August 25, Qfin reported second-quarter and interim 2026 unaudited results showing a 31.6% year-over-year revenue decline to approximately RMB 3.57 billion and a 76.8% drop in net income to RMB 401.4 million, including an unexpected RMB 500 million tax expense. The company forecast a 67% to 73% year-over-year decline in third-quarter non-GAAP net income, citing rising funding costs and systemic liquidity shocks. Its American depositary share price fell $2.18, or 18.91%, to close at $9.35 on August 26. Investors must move the court by November 30, 2026, to seek appointment as lead plaintiff. The class has not been certified.

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